Kuniko's (ASX:KNI) Vaga project in Norway returned several high-grade assays following a field mapping and sampling campaign, with grades of up to 5.53% copper and 8.59% zinc, according to a Thursday filing with the Australian bourse.
The mineral explorer plans to prioritize further work on the Tesskrokan target, including a magnetic and electromagnetic surveying program to define drill targets along the prospective horizon, the filing stated.
Kuniko's shares were up 13% in recent trade.
Price (AUD): $0.18, Change: $+0.020, Percent Change: +12.50%
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